Nigeria government bonds · auction 13 Dec 2017 · NGN
Nigeria bond auction, 13 Dec 2017: 10-year at 13.21%
2 bond lines from the Debt Management Office, Nigeria’s own result. Rates are the marginal (stop) rate, percent per annum; uniform-price auctions, so every successful bid pays it. Information, not advice.
Headline: 10-year bond 16.2884% FGN MAR 2027
13.21%
Largest amount accepted at this auction
Change vs previous 10-year sale
−159 bp
14.80% on 22 Nov 2017
Accepted
NGN 77.6bn
Against NGN 100.0bn on offer
Bid cover
3.61×
Bids of NGN 280.1bn ÷ accepted
Results
Every line, 2 in all
Amounts in NGN millions. Change is in basis points (100 bp = 1 percentage point) from the previous sale of the same tenor, whenever it was. Bid cover is bids received divided by the amount accepted.
- 5-year14.50% FGN JUL 2021matures 15 Jul 2021
- Sale
- reopening
- Coupon
- 14.500%
- Rate
- 13.190%
- Bid range
- 12.50–14.23%
- Previous
- 14.790% 2017-11-22
- Change, bp
- −160
- Offered, NGNm
- 50,000
- Bids, NGNm
- 89,950
- Accepted, NGNm
- 24,770
- Bid cover
- 3.63×
- Source
- notice
- 10-year16.2884% FGN MAR 2027matures 17 Mar 2027
- Sale
- reopening
- Coupon
- 16.288%
- Rate
- 13.210%
- Bid range
- 12.50–14.50%
- Previous
- 14.800% 2017-11-22
- Change, bp
- −159
- Offered, NGNm
- 50,000
- Bids, NGNm
- 190,140
- Accepted, NGNm
- 52,810
- Bid cover
- 3.60×
- Source
- notice
| Bond | Sale | Coupon | Rate | Bid range | Previous | Change, bp | Offered, NGNm | Bids, NGNm | Accepted, NGNm | Bid cover | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5-year14.50% FGN JUL 2021matures 15 Jul 2021 | reopening | 14.500% | 13.190% | 12.50–14.23% | 14.790% 2017-11-22 | −160 | 50,000 | 89,950 | 24,770 | 3.63× | notice |
| 10-year16.2884% FGN MAR 2027matures 17 Mar 2027 | reopening | 16.288% | 13.210% | 12.50–14.50% | 14.800% 2017-11-22 | −159 | 50,000 | 190,140 | 52,810 | 3.60× | notice |
Source notice: dmo.gov.ng. Compiled by Afronomics, data updated 2026-10-19. Information, not advice.
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Afronomics (2026). Nigeria government bond auction, 13 Dec 2017, compiled from the Debt Management Office, Nigeria. Retrieved 5 November 2026, from https://www.afronomicsfeed.com/markets/bonds/nigeria/2017-12-13